REMUNERATION

remuneration (ri-myoo-n<<schwa>>-ray-sh<<schwa>>n), n.. !ayment" com#ensation. $.

The act o% #ayin& or com#ensatin&. ' remunerati(e,a)*. ' remunerate,(+.
!A,A-.E
#aya+/e,a)*. (O% a sum o% money or a ne&otia+/e instrument) that is to +e #ai). 0 An amount
may +e #aya+/e without +ein& )ue. 1e+ts are common/y #aya+/e /on& +e%ore they %a// )ue.
#aya+/e a%ter si&ht. !aya+/e a%ter acce#tance or #rotest o% nonacce#tance. 2ee si&ht )ra%t
un)er 1RA3T. 45ases6 -i//s an) Notes $7(8). 5.9.2. -i//s an) Notes" .etters o% 5re)it: 7;.<
#aya+/e on )eman). !aya+/e when #resente) or u#on re=uest %or #ayment" #aya+/e at any
time. 45ases6 -i//s an) Notes $7(8). 5.9.2. -i//s an) Notes" .etters o% 5re)it: 7;.<
#aya+/e to +earer. !aya+/e to anyone ho/)in& the instrument. 45ases6 -i//s an) Notes $;,
>$?(). 5.9.2. -i//s an) Notes" .etters o% 5re)it : >@.<
#aya+/e to or)er. !aya+/e on/y to a s#eci%ie) #ayee. 45ases6 -i//s an) Notes >$?. 5.9.2. -i//s
an) Notes" .etters o% 5re)it: $88.<
!A,MENT
#ayment. . !er%ormance o% an o+/i&ation +y the )e/i(ery o% money or some other (a/ua+/e
thin& acce#te) in #artia/ or %u// )ischar&e o% the o+/i&ation. 45ases6 !ayment . 5.9.2. !ayment :$.< $.
The money or other (a/ua+/e thin& so )e/i(ere) in satis%action o% an o+/i&ation.
a)(ance #ayment. A #ayment ma)e in antici#ation o% a contin&ent or %iAe) %uture /ia+i/ity or
o+/i&ation.
)irect #ayment. . A #ayment ma)e )irect/y to the #ayee, without usin& an interme)iary, such
as a chi/)-su##ort #ayment ma)e )irect/y to the o+/i&ee #arent rather than throu&h the court. $. A
#ayment that is a+so/ute an) uncon)itiona/ on the amount, the )ue )ate, an) the #ayee.
)own #ayment. The #ortion o% a #urchase #rice #ai) in cash (or its e=ui(a/ent) at the time the
sa/e a&reement is eAecute). 5%. -IN1ER($)" EARNE2T MONE,. 45ases6 Ben)or an) !urchaser
C7., 88>(). 5.9.2. Ben)or an) !urchaser :: 8@, 8?D8E, C>;, C>$DC>>, C>E.<
5OM!EN2ATION
com#ensation (Fom-#<<schwa>>n-say-sh<<schwa>>n), n.. Remuneration an) other
+ene%its recei(e) in return %or ser(ices ren)ere)" es#., sa/ary or wa&es. 45ases6 Master an) 2er(ant
CED?$.@. 5.9.2. Em#/oyerDEm#/oyee Re/ationshi# :: 8$D88, 8ED@8, @@D@C, C8D?$,
?>D?C.<
G5om#ensation consists o% wa&es an) +ene%its in return %or ser(ices. It is #ayment %or worF.
I% the worF contracte) %or is not )one, there is no o+/i&ation to #ay. 45om#ensation< inc/u)es
wa&es, stocF o#tion #/ans, #ro%it-sharin&, commissions, +onuses, &o/)en #arachutes, (acation, sicF
#ay, me)ica/ +ene%its, )isa+i/ity, /ea(es o% a+sence, an) eA#ense reim+ursement.H Iurt J. 1ecFer
K J. Thomas 3e/iA II, 1ra%tin& an) Re(isin& Em#/oyment 5ontracts : 8.?, at CE (77).
$. !ayment o% )ama&es, or any other act that a court or)ers to +e )one +y a #erson who has
cause) in*ury to another. 0 In theory, com#ensation maFes the in*ure) #erson who/e. 45ases6
1ama&es @. 5.9.2. 1ama&es :: $D$$.< 8.2ETO33($). ' com#ensatory,
(F<<schwa>>m-#en-s<<schwa>>-tor-ee), com#ensationa/
(Fom-#<<schwa>>n-say-sh<<schwa>>-n<<schwa>>/), a)*.
accrue) com#ensation.Remuneration that has +een earne) +ut not yet #ai).
a)e=uate com#ensation.2ee *ust com#ensation.
)e%erre) com#ensation. . !ayment %or worF #er%orme), to +e #ai) in the %uture or when
some %uture e(ent occurs. 45ases6 Master an) 2er(ant ?$. 5.9.2. Em#/oyerDEm#/oyee
Re/ationshi# :: >CD@$, @@, ?@.< $. An em#/oyeeLs earnin&s that are taAe) when recei(e) or
)istri+ute) rather than when earne), such as contri+utions to a =ua/i%ie) #ension or #ro%it-sharin&
#/an.
*ust com#ensation. Un)er the 3i%th Amen)ment, a #ayment +y the &o(ernment %or #ro#erty it
has taFen un)er eminent )omain ' usu. the #ro#ertyLs %air marFet (a/ue, so that the owner is
theoretica//y no worse o%% a%ter the taFin&. ' A/so terme) a)e=uate com#ensation" )ue
com#ensation" /an) )ama&es. 45ases6 Eminent 1omain $$D@;. 5.9.2. Eminent 1omain ::
?D?$, EC, CD>, >>D>C, >E, @, @8, @@D@C, @7D?;, ?$D??.<